Question
Jack and Jill, married couple, have taxable income of $395,000.Jack owns 100% of a S Corporation, which runs a successful burger restaurant.The S Corp has
Jack and Jill, married couple, have taxable income of $395,000.Jack owns 100% of a S Corporation, which runs a successful burger restaurant.The S Corp has the following activity.How much is the IRC 199A deduction: (5 points)
Ordinary Income of $500,000
W-2 Wages paid of $120,000
Original cost of qualified property of $400,000
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Business Intelligence A Managerial Perspective on Analytics
Authors: Ramesh Sharda, Dursun Delen, Efraim Turban
3rd edition
133051056, 978-0133051056
